European shares seen opening flat

LONDON (BestGrowthStock) – European equities are expected to open almost flat on Tuesday after gains in the previous session, with strong U.S. economic data seen offsetting concerns about Greece’s bailout deal and China’s tightening policy.

Financial spreadbetters expected Britain’s FTSE 100 (.FTSE: ) to open 2 points higher, Germany’s DAX (.GDAXI: ) to open 7 points higher and France’s CAC-40 (.FCHI: ) to open 5 points higher.

U.S. stocks (Read more about the stock market today. ) staged a broad rally that drove the S&P 500 to its best day in two months on Monday after manufacturing, consumer spending and construction data instilled confidence that the economic recovery is gaining traction.

On Monday, the FTSEurofirst 300 (.FTEU3: ) index of leading European shares closed 0.2 percent higher at 1,064.56 points. It lost 2.7 percent last week,

its third straight week of declines.

Japanese financial markets were closed for a public holiday. UK markets open after a holiday on Monday.

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(Reporting by Atul Prakash)

European shares seen opening flat